Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 28 - Part IX - Unemployment - Problems and Applications - Page 605: 2

Answer

The unemployment rate was 3.6% for the country. For a 29 year old white male, the unemployment rate was 3.7%.

Work Step by Step

Answers may vary. The BLS's website was accessed July 4, 2019. The two rates are very close to each other. This might be close since most people of this demographic set (white males between the ages of 25-29) are likely to have college degrees (or otherwise be educated) and have jobs.
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